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11 Dec
14:41

US December scrap trading continues, prices up

Scrap prices in the US are not yet settled for December trading as negotiations are still underway, Kallanish understands from market participants. Trading, which kicked off strongly on 6 December with a Midwest mill’s bids for December-delivered prime and shredded scrap at $50/gross ton and P&S at $30/gt higher versus November, continued on Monday. Initial bids recorded a significant increase from November prices. Some domestic scrap suppliers are see…
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